The Washington Report

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August 28, 2019

Legislative

Congress Adjourned for Summer Recess
The House and Senate are adjourned for summer recess. The chambers are tentatively scheduled to return to the Hill on September 9, 2019.

Retirement

IRS Releases Notice on Extension of Temporary Nondiscrimination Relief for Closed Defined Benefit Plans Through 2020
On August 23, 2019, the Internal Revenue Service (IRS) released Notice 2019-49, which extends the temporary nondiscrimination relief for closed defined benefit plans that is provided in Notice 2014-5, 2014-2 I.R.B. 276, by making that relief available for plan years beginning before 2021 if the conditions of Notice 2014-5 are satisfied.

IRS Notice 2019-49 is available here.

Aon Publications

HHS Delays Rule on ACA Out-of-Pocket Maximum and Brand Name Drug Coupons
The U.S. Department of Health and Human Services (HHS) is delaying a final rule that impacted many employer-sponsored prescription drug plans and that was scheduled to become effective in 2020. As a result, HHS, the U.S. Department of Labor, and the Internal Revenue Service (the Departments) will not enforce these changes until at least 2021 while the Departments iron out the details.

The Aon bulletin is available here.